Decibel Cannabis Co.(OTC:DBCCF), the Canadian cannabis brand that dominated the pre-roll market in 2023, now trades at 0.8x CY24 sales and 4.2x adjusted EBITDA, with a market valuation that senior analystPablo Zuanicfinds compelling. As Canada's fourth-ranked player, Decibel holds a significant position in infused pre-rolls and vape products.

The company, guided by CEOBenjamin Sze, is expected to stabilize its core franchises by the fourth quarter and potentially grow through a strategic re-entry into domestic recreational flower markets and increased exports.

Canadian Cannabis: Performance And Market Dynamics

In the second quarter of 2024, Decibel reported a...